I already talked about this over two weeks ago here on this forum. Ask him about the HITS on the super conforming loan rates over 417K. This will not help much of anything as the rates are sky high…
If you stay under the 417K limit and have an LTV under 70%, Good FICO’s, and its rate and term, then you get good rates…..not to mention no more STATED INCOME all FULL DOC.
I am optimistic today that asset prices will continue to deflate as they should to get into proper alignment with incomes….
